|Interest Rates and Interest Charges
|Annual Percentage Rate (APR) for Purchases, Balance Transfers or Cash Advances
Visa Platinum – variable rate
2.90% introductory APR for a period of six (6) billing cycles.
After that, 10.00% to 18.00% when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.a
Visa Platinum Rewards – variable rate
2.90% introductory APR for a period of six (6) billing cycles.
After that, 11.00% to 18.00% when you open your account, based on your creditworthiness. This APR will vary with the market based on the Prime Rate.b
Secured Platinum – variable rate
12.50% variable. This APR will vary with the market, based on the Prime Rate.c
Teen Platinum – fixed rate
2.90% introductory APR for a period of six (6) billing cycles.
After that, 12.50% fixed.
|My due date is at least 25 days after the close of each billing cycle. You will not charge me interest on purchases if I pay my entire balance by the due date of each month. You will begin charging interest on cash advances and balance transfers on the transaction date.
|For Credit Card Tips from the Consumer Financial Protection Bureau
|To learn more about factors when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau.
How You Will Calculate My Balance: You will use a method called “average daily balance (including new transactions).” See the Credit Card Agreement for more details.
Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your Credit Card Agreement.
Variable APRs: Based on Prime Rate as listed on The Wall Street Journal on the 1st day of the month.
aVisa Platinum Accounts, we add between 6.75% to 14.75% to the Prime Rate to determine the APR based on your creditworthiness for Purchase/Balance Transfer and Cash Advances.
bVisa Platinum Rewards Accounts, we add between 6.75% to 14.75% to the Prime Rate to determine the APR based on your creditworthiness for Purchase/Balance Transfer and Cash Advances.
cVisa Platinum Secured Accounts, we add 9.25% to the Prime Rate to determine the APR based on your creditworthiness for Purchase/Balance Transfer and Cash Advances.
Reward Points: If you elect a Platinum Rewards card, one (1) point is earned for every dollar of purchase activity. Points are not earned on cash advances, balance transfers, or letter checks.
Military Lending Act Disclosures: Federal law provides important protections to members of the Armed Forces and their dependents relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an Annual Percentage Rate of 36 percent. This rate must include, as applicable to the credit transaction or account: the costs associated with credit insurance premiums; fees for ancillary products sold in connection with the credit transaction; any application fee charged (other than certain application fees for specified credit transactions or accounts); and any participation fee charged (other than certain participation fees for a credit card account).
In this Agreement and Disclosure Statement, the words “I,” “me,” “my,” and “mine” mean each and all of those who apply for or use the SCE Federal Credit Union Visa® Card and/or Visa Account. “Credit Union,” “you,” “your,” and “yours” mean SCE Federal Credit Union. “Card” means the Visa Card issued to me and any duplicates and/or renewals you may issue. “Account” means my Visa Card Account with you.
By requesting and receiving, signing, using, or permitting others to use the Card and/or Account issued to me by you, I agree to be bound by the terms and conditions as set forth herein and any amendments thereto.
|This document contains provisions for a variable annual percentage (interest) rate.
I authorize you to pay and charge my Account for all Purchases, Balance Transfers, and Cash Advances made or obtained by me or anyone I authorize to use my Card or Account. I will be obligated to pay all such Purchases, Balance Transfers, and Cash Advances charged to my Account whether resulting from: (1) actual use of my Card or Convenience Checks; (2) mail order or telephone, computer, or other electronic Purchases made without presenting the Card; or (3) any other circumstance where I authorize a charge, or authorize someone else to make a charge, to my Account (collectively, “authorized charges”). I promise to pay you or to your order in US Dollars with an instrument drawn on a financial institution in the United States at your office or at the address set forth on my periodic statement all authorized charges on the terms and at the rates set forth herein, plus any Finance Charges assessed on my Account, and any other charges and fees which I may owe you under the terms of this Agreement and Disclosure Statement (the “Account Balance”). Payments will continue until I have paid in full the Account Balance.
Account and agreement terms are not guaranteed for any period of time. I understand and agree that you may amend, modify, add to, or delete from this Agreement and Disclosure Statement any of its terms and conditions, including financial terms such as the method of application and the amount of any Interest Charge, Transaction Fee, or other Finance Charge, Annual Percentage Rate, monthly periodic rate, and/or fee in accordance with applicable laws. If required by applicable law, you will mail a notice of the change to me at my last known address. I also understand that in the event of a significant change, as defined under the Federal Truth in Lending Act, any such notice will be mailed at least forty-five (45) days prior to the effective date of the significant change as required by applicable law. If you are required by applicable law to provide me a right to reject significant changes to this Agreement and Disclosure Statement prior to the effective date of such changes, you will provide me with an explanation of how to reject the significant changes, unless I fail to make a required minimum payment within sixty (60) days after its due date. You may change the terms of this Agreement and Disclosure Statement based on information in my credit report, market conditions, business strategy or for any other reason. Notice of a change in terms is required, but may be sent as late as the effective date of the change where the change has been agreed to in writing, by me.
I understand that a portion of my Finance Charges incurred during a billing cycle will include my Interest Charges incurred during that billing cycle. The Interest Charge for a billing cycle will be calculated by applying my Monthly Periodic Rate to my Average Daily Balance. I understand and agree that under the “Change of Terms” section above, you have the right in your sole and absolute discretion to change the amount of any Annual Percentage Rate, Monthly Periodic Rate and/or Interest Charge that may apply to my Account.
Monthly Periodic Interest Charge, Monthly Periodic Rate, and Annual Percentage Rate for Cash Advances, Balance Transfers, and Purchases: The Monthly Periodic Rate used in calculating the Monthly Periodic Interest Charge for Cash Advances, Balance Transfers, and Purchases are based upon the “Prime Rate” as published in the “Money Rates” section of the print edition of the Wall Street Journal (the “Index”). My Annual Percentage Rate for Cash Advances, Balance Transfers, and Purchases is determined by adding a “Margin” to the Index in effect as of the 1st day of the month preceding the month of my Adjustment Date. The Initial Monthly Periodic Rate in effect as of the date of this Agreement and Disclosure Statement is set forth in the Account Opening Disclosure.
If I have a variable rate Visa, my Annual Percentage Rate may increase or decrease every quarter. Any such change will be based on an increase or decrease in the “Index”. In the event that the Prime Rate ceases to be published, changes in the Annual Percentage Rate will be related to a comparable Index. You may waive an increase in the Annual Percentage Rate when such an increase can be made, but such a waiver shall not be construed as a waiver of your right to increase the Annual Percentage Rate at a future date when entitled to do so.
If I have a variable rate Visa, my Annual Percentage Rate is subject to change quarterly on the 1st day of January, April, July and October of each year. These dates shall be known as “Adjustment Dates.” The Index in effect on the first (1st) day of the preceding month shall be used to calculate the Annual Percentage Rate change effective on the Adjustment Date. For example, the Index in effect on March 1st shall be used to calculate the Annual Percentage Rate change effective on April 1st of the same year. All other Adjustment Date rate changes will follow the same pattern, except that the Index in effect on December 1st shall be used to calculate the Annual Percentage Rate change effective January 1st of the following year.
The maximum Annual Percentage Rate during the term of this Agreement and Disclosure Statement is 18%. Decreases in the Annual Percentage Rate in accordance with the terms of the Agreement and Disclosure Statement are mandatory. Increases in the Annual Percentage Rate in accordance with the terms of the Agreement and Disclosure Statement are at your discretion. Any increase or decrease in the Annual Percentage Rate will result in changes in the amount and/or the number of payments required to repay the unpaid balance.
The Monthly Periodic Rate is determined by dividing the Annual Percentage Rate by 12 and will change when the Annual Percentage Rate changes
I understand, in addition to Interest Charges incurred during a billing cycle, another portion of my Finance Charges incurred during a billing cycle may include Transaction Fees incurred during that billing cycle. I understand and agree that under the “Change of Terms” section above, you have the right in your sole and absolute discretion to change the amount of any Transaction Fee that may apply to my Account. My Transaction Fees for a billing cycle will be the sum of the three (3) components below, each of which is a Finance Charge.
The above Transaction Fees and other fees for the billing cycle will be shown on my periodic statement.
I authorize you to investigate my credit standing when opening, renewing, or reviewing the Account, and I authorize you to disclose information regarding the Account to credit bureaus and other creditors who inquire of you about my credit standing to the extent authorized by law.
Average Daily Balance (including new purchases). You figure a portion of the Interest Charge on my Account by applying the Purchase Monthly Periodic Rate to the Average Daily Balance of Credit Purchases (including current Purchase transactions). To get the Average Daily Balance of Purchase transactions you take the beginning balance of Purchase transactions on my Account each day, add any new Purchases, and subtract any payments or credits, and unpaid Interest Charges and other Finance Charges. This gives you the daily balance of Purchase transactions. Then, you add up all the daily balances of Purchase transactions for the billing cycle and divide the total by the number of days in the billing cycle. This gives you the Average Daily Balance of Purchase transactions.
I have at least a 25 day grace period from the close of each billing cycle to pay the New Balance without incurring additional Interest Charges provided that either: (1) you received payment in full of the ending balance for the previous billing cycle by the Payment Due Date disclosed in the previous billing cycle’s periodic statement; or (2) the previous billing cycle’s ending balance was $0. If I have a grace period to pay the New Balance for any billing cycle, and do not pay the New Balance in full during this grace period, Interest Charges will be assessed on any portion of the New Balance not paid during the grace period using the Average Daily Balance method as explained above. The Payment Due Date disclosed on each periodic statement provided to me is the last day of my grace period for that statement’s billing cycle.
Average Daily Balance (including current Cash Advance transactions). You figure a portion of the Interest Charge on my Account by applying the Monthly Periodic Rate to the Average Daily Balance of Cash Advances (including current Cash Advances). To get the Average Daily Balance of Cash Advance transactions you take the beginning balance of Cash Advance transactions on my Account each day, add any new Cash Advances, and subtract any payments or credits, and unpaid Interest Charges and other Finance Charges. This gives you the daily balance of Cash Advance transactions. Then, you add up all the daily balances of Cash Advance transactions for the billing cycle and divide the total by the number of days in the billing cycle. This gives you the Average Daily Balance of Cash Advance transactions.
There is no grace period in order to avoid the imposition of Interest Charges on Cash Advances.
Average Daily Balance (including current Balance Transfer transactions). You figure a portion of the Interest Charge on my Account by applying the Monthly Periodic Rate to the Average Daily Balance of Balance Transfers (including current Balance Transfers). To get the Average Daily Balance of Balance Transfer transactions you take the beginning balance of Balance Transfer transactions on my Account each day, add any new Balance Transfer transactions, and subtract any payments or credits, and unpaid Interest Charges and other Finance Charges. This gives you the daily balance of Balance Transfer transactions. Then, you add up all the daily balances of Balance Transfer transactions for the billing cycle and divide the total by the number of days in the billing cycle. This gives you the Average Daily Balance of Balance Transfer transactions.
There is no grace period in order to avoid the imposition of Interest Charges on Balance Transfers.
This determines my total Interest Charge for the billing cycle. Actual Interest Charges will be shown on my periodic statement. The combination of periodic Interest Charges, Cash Advance Fee, Balance Transfer Fee, and Foreign Transactions Fee, will not exceed the Annual Percentage Rate permitted under applicable law.
Every month, I must pay at least the Minimum Payment Due by the Payment Due Date shown on my periodic statement. By separate agreement, I may authorize you to automatically transfer the Minimum Payment Due from my Credit Union share or share draft account. I may, of course, pay more frequently, pay more, or pay the Account Balance in full, and I will reduce my periodic Interest Charge by doing so. The Minimum Payment Due will be either: (a) 2% of my Account Balance, or $25, whichever is greater; or (b) my Account Balance, if it is less than $25.
In addition, I must pay any amount on my periodic statement listed as past due and any late charge. Lastly, at any time my Account Balance exceeds my Credit Limit, I must pay the excess.
I understand and agree that any Minimum Monthly Payment made by me will be applied in the following order: (a) unpaid fees and charges, if any; (b) unpaid periodic Interest Charges, Transaction Fees, and other Finance Charges due on Purchases, Balance Transfers, and Cash Advances; (c) outstanding balances of Cash Advances, Balance Transfers, and Purchases previously billed; and (d) current Cash Advances, Balance Transfers, and Purchases. If two or more transactions are posted on the same day, my payment will be applied first to the smaller of them. Any payment I make in excess of the Minimum Monthly Payment will be applied to my balances subject to the highest Annual Percentage Rate first, then to balances subject to lower Annual Percentage Rates, in descending order of Annual Percentage Rates until all balances subject to an Annual Percentage Rate rate are paid in full. Thereafter, you will apply all payments in excess of the Minimum Monthly Payment, if applicable, in the same order as you apply the Minimum Monthly Payment. Payments of $5,000 or more will be subject to a five (5) day hold before available funds are released.
My Account has a Credit Limit that is established by you. You may increase or decrease my Credit Limit at any time and you may notify me of such increase or decrease by mail or through a statement sent to the primary Accountholder’s address of record, in accordance with applicable legal requirements. You will provide me oral or written notice of any decrease in my Credit Limit. If I object to any Credit Limit increase, I must notify you immediately. I or my joint applicant for the Account may request a change to the Credit Limit orally, in writing, or electronically, but any such request must be approved by you. If my Credit Limit is increased, I am immediately responsible for the new Credit Limit and any increase in the Account Balance even when it differs from an amount previously agreed to orally or in writing.
If a payment that was applied to my Account is returned to you unpaid for any reason, I will be charged a $25 Returned Payment Fee. This fee will also apply to any payments made by automatic transfer that cannot be posted due to insufficient funds in my regular share or checking account.
For each Cash Advance, a Cash Advance Fee of either $10 or 3% of the amount of the Advance will be charged, whichever is greater, for each Cash Advance transaction. Cash Advance transactions include ATM withdrawals, online funds transfers, telephonic funds transfers, and in-person Cash Advances at a financial institution’s branch from the Account.
I understand that I can request a Balance Transfer transaction, which allows me to pay a portion of the entire balance of a credit card account I maintain with another institution. Any request I make for a Balance Transfer is subject to your approval, based on my Credit Limit, my creditworthiness, and my good standing as a member. If you approve my requested Balance Transfer transaction, a Balance Transfer Fee of either $10 or 3% of the amount of the Balance Transfer will be charged, whichever is greater, for each Balance Transfer transaction.
You will charge a Late Payment Fee of $25 with respect to any monthly billing cycle as a late payment fee on the minimum payment due that is not paid by the date the payment is due. However, the late charge shall not exceed the maximum amount permitted under applicable state law.
I may make Purchases and request Advances in accordance with the current loan policies up to my Credit Limit. I understand and agree that all Purchases and other transactions requested by me or anyone I have permitted to use the Card(s) and/or Account are subject to your approval.
To make a Purchase or obtain an Advance, there are two alternative procedures to be followed. One is for me to present the Card or Card number to a participating Visa plan merchant, to you, or to another financial institution, and sign or authorize a sales or Cash Advance draft. The other is to complete the transaction by using my Personal Identification Number (PIN) in conjunction with the Card in an Automated Teller Machine or other types of electronic terminal that provides access to the Visa system.
My Card and/or Account may not be used directly or indirectly for: (1) any illegal activity or transaction; or (2) any gambling, gaming, betting, or similar activity or transaction. Further, I may not utilize my Card and/or Account for the purchase of any goods or services on the Internet that involve gambling, gaming, betting, or any similar transaction or activity. Such transactions include, but may not be limited to, any quasi-cash or online gambling transaction, any electronic commerce transaction conducted over an open network, and any betting transaction including the purchase of lottery tickets or casino gaming chips/checks or off-track betting or wagering. However, in the event that a charge or transaction described in this paragraph is approved and processed, I will still be responsible for such charges.
If I have signed a separate Pledge of Shares Securing a Visa Card Account Agreement, I understand and agree that I am pledging, under the Uniform Commercial Code, shares now on deposit in my regular share account(s). I understand that I must, at all times, keep a sum equal to my credit limit on deposit in my regular share account(s) until I repay my entire loan and the Account is terminated. I understand and agree that this security interest will cover future purchases and advances under this Agreement and Disclosure Statement. If I default, you may apply these shares to repay my loan in accordance with federal or other law. I understand that the Annual Percentage Rate, quoted on my Visa Acceptance Letter, does not take into account the amount pledged in my regular share account(s).
In the event use of the Card or the Account Number of the Card constitutes an Electronic Fund Transfer, the terms and conditions of my Electronic Fund Transfer Agreement and Disclosure with you shall govern such transactions to the extent the Electronic Fund Transfer Agreement and Disclosure expands or amends this Agreement and Disclosure Statement.
Though I need only pay the Minimum Payment Due, I understand that I have the right to repay my Account Balance at any time without penalty. I also understand and agree that I will only be charged Interest Charges to the date I repay my entire Account Balance. I may make larger payments without penalty and this may reduce the total amount of Interest Charges that I will repay. If I pay more than the Minimum Payment Due in any month and there is still a balance due, I must continue to make Minimum Payments in future months. Any partial payment of my Account Balance will not advance my next payment due date(s). I understand and agree that any payment that (a) delays or (b) accelerates the repayment of my Account Balance will (a) increase or (b) decrease my Monthly Periodic Interest Charge.
If I request payment by automatic transfer, I understand and agree that no payment can or will be made if there are insufficient or uncollected funds in the designated sub-account to make the scheduled payment. Should this event occur, I understand and agree that I will not be released from making the payment. Any automatic transfer I have requested will remain in effect until I cancel it in writing or the Agreement is paid in full. You may cancel this service at your discretion.
I will be in default if: 1) I do not pay on time or in the proper amount(s); 2) I fail to live up to any of the terms of this Agreement & Disclosure Statement; 3) my creditworthiness is impaired; or 4) I die, become insolvent, or am the subject of bankruptcy or receivership proceedings. In the event of any action by you to enforce this Agreement and Disclosure Statement, I agree to pay the costs thereof, reasonable attorneys’ fees, and other expenses. I understand and agree that Interest Charges at the Annual Percentage Rate as permitted under this Agreement and Disclosure Statement will continue to accrue until I repay my entire Account Balance.
I understand and agree that my breach or default of the terms and conditions of this agreement of my Visa Credit Card Account shall also be deemed to be a default of any and all other Loan or Line of Credit Account I now have with you or obtain in the future with you. Further, I understand and agree that my breach or default of the terms and conditions of any other Loan or Line of Credit Account I now have with you or obtain in the future with you shall be deemed to be a default of the terms and conditions of the agreement for this Visa Credit Card Account. This “Cross Default” agreement shall not apply to any Loan or Line of Credit Account secured by real property or where otherwise prohibited by Federal or State Law or Regulation.
Upon my default, I understand and agree that you have the right to temporarily or permanently suspend any and all Account and Card privileges and/or you may demand immediate payment of the Account Balance, including Interest Charges, Transaction Fees, and other Finance Charges, late charges, and your collection costs, reasonable attorneys’ fees, and court costs (collectively, “collection-related charges”). I understand and agree that I will be subject to Interest Charges (at the applicable Monthly Periodic Rate), Transaction Fees, and other Finance Charges, late charges, and collection-related charges under the terms disclosed in this Agreement and Disclosure Statement until I repay my entire Account Balance.
I understand and agree that the personal property security for each loan, line of credit account, and credit card account I have with you (and any and all proceeds thereof) if any, shall secure this Visa Credit Card account and any and all other loans, lines of credit accounts and credit card accounts I now have with you or obtain in the future with you. In addition, any personal property (and any and all proceeds thereof and all insurance proceeds and insurance premium refunds) securing other loans, line of credit accounts and credit card accounts I now have with you or obtain in the future with you will also secure all funds advanced by you under this Visa Credit Card account. This “Cross Collateralization” agreement shall not apply to any loan, line of credit agreement, or credit card agreement secured by real property or where otherwise prohibited by federal or state law or regulation.
I agree to repay you according to the terms of this Agreement and Disclosure Statement for all Purchases, Advances, Balance Transfers, Interest Charges, Transaction Fees, and other Finance Charges, and late charges (if any) and other fees, arising from the use of the Account by me or any other person I permit to use the Account, even if that person exceeds my permission. I cannot disclaim responsibility by notifying you, although you will close the Account if I so request and I will return all Cards to you. My obligation to pay the Account Balance continues even though an agreement, divorce decree, or other court judgment to which you are not a party may direct me or one of the other persons responsible to pay the Account. Any person using the Account and/or Card is jointly and severally responsible with me for charges he or she makes, but if that person signs the card he or she becomes a party to this Agreement and is also responsible for all charges on the Account, including mine. The Cards remain your property and I must recover and surrender to you all Cards upon your request and/or upon the termination of this Account.
If I notice the loss or theft of my Card or possible unauthorized use of my Card, I should write to you immediately at: PO Box 8017, El Monte, CA 91734, or call you at 626.960.6888 or after business hours at 800.325.3678.
I will not be liable for any unauthorized use that occurs after I notify you. I may, however, be liable for unauthorized use that occurs before my notice to you. In any case, my liability will not exceed $50. My liability may be lower in cases of Visa® Card fraud in accordance with Current Visa® USA, Inc. Operating Rules.
You may terminate this Agreement and Disclosure Statement upon my default. Either you or I may terminate this Agreement and Disclosure Statement for other good cause. In no event shall any termination relieve me of my obligation to repay the entire Account Balance. I agree to return all the Cards issued to me or any party designated by me.
My periodic statement will identify the merchant, electronic terminal, or financial institution at which transactions were made, but sales, Cash Advance, credit, or other slips cannot be returned with the periodic statement. I will retain the copy of such slips furnished at the time of the transaction in order to verify my periodic statement. You may make a reasonable charge for any photocopies or slips I request.
You are not responsible for the refusal of any plan merchant or financial institution to honor the Account and/or Card. You are subject to claims and defenses (other than tort claims) arising out of goods or services I purchase with the Card only if I have made a good faith attempt but have been unable to obtain satisfaction from the plan merchant, and (a) my purchase was made in response to an advertisement you sent or participated in sending me, or (b) my purchase cost more than $50 and was made from a plan merchant in my state or within 100 miles of my current mailing address. Any other dispute I must resolve directly with the plan merchant.
Purchases, Cash Advances, and credits made in foreign currencies will be billed to my Account in US dollars. The conversion to US dollars will be made in accordance with the Visa operating regulations for international transactions. You understand and agree that a 1% fee for international transactions will be added to the amount of the Purchase, Cash Advance, or credit, regardless of whether the international transaction requires a currency conversion. In the event that an international transaction is converted to US dollars, the exchange rate between the transaction currency and the billing currency used for processing international transactions is a rate selected by Visa from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate Visa itself receives or the government-mandated rate in effect for the applicable central processing date. The conversion rate may be different than the rate on the day of the transaction or the date of the posting of the Account. When a credit to the Account does not fully offset a charge to the Account due to changes in the rate, I am responsible for the difference.
Merchants and others who honor the Account and/or Card may give credit for returns or adjustments, and they will do so by sending you a credit slip which you will post to the Account. If my credits and payments exceed what I owe you, you will hold and apply this credit balance against future Purchases and Cash Advances, or if it is $1 or more, refund it on my written request or automatically after six (6) months.
The Card(s) remains your property and, if you request, I must surrender to you all Card(s) you have issued on the Account.
I will notify you at once if I believe that the Card, Account number, PIN, or any combination of the three has been lost or stolen by immediately calling you at 626.960.6888 or after hours at 800.325.3678. Telephoning is the best way of keeping my possible losses down. I understand that my total liability to you shall not exceed $50 for any Account and/or Card transactions resulting from the loss, theft, or other unauthorized use of the Account and/or Card that occurs prior to the time I give notice to you. Such liability does not apply when the Account and/or Card is used to make an electronic transfer.
You may accept checks, money orders, or other types of payment marked “payment in full” or other languages to indicate full satisfaction of any indebtedness without being bound by such language or waiving any rights under this Agreement and Disclosure Statement. Full satisfaction of indebtedness shall be accepted by you only in a written agreement, signed by an authorized representative.
You can delay enforcing any of your rights under this Agreement and Disclosure Statement without losing them.
I understand and agree that this Agreement and Disclosure Statement is made in California and shall be governed by the laws of the State of California to the extent that California law is not inconsistent with controlling federal law. I also understand and agree that California’s choice of law rules shall not be applied if they would result in the application of non-California law.
Any separate sheet of paper labeled “Additional Disclosure – Federal Truth-in-Lending Act”, “Visa Acceptance Letter”, “Pledge of Shares Securing a Visa Credit Card Account Agreement and Additional Federal Truth-in-Lending Disclosure Statement”, which is delivered together with this Agreement and Disclosure Statement is an integrated part of the Agreement and Disclosure Statement.
I understand and agree that I must be and remain a member in good standing with you to be eligible for continuing Account and/or Card privileges including future Purchases and Advances. I understand and agree that you may suspend the Account and/or Card privileges during any period in which I do not maintain my membership with you.
I understand and agree that I must report to you any change in my name, address, or employment status.
I understand that Debt Protection is not required by you to obtain my Account. I acknowledge receiving a copy of the Debt Protection Application and have made the choice of the coverage indicated thereon. I understand and agree that the cost of the Debt Protection coverage will be added to my unpaid balance on the last day of my Billing Cycle and will accrue Interest Charges from the day they are added.
The information provided in my request for credit (Application) is accurate and I will notify you in writing immediately if there is a change in my financial condition. You may retain the Application. I understand that it is a violation of Section 1014, Title 18, US Code to make false statements or overvalue security for the purpose of influencing the action of any federally insured credit union. You may gather credit and/or employment information you deem necessary and appropriate from time to time and you may give information concerning your credit experience with me to others.
By the activation and use of this Account, I acknowledge receipt of a copy of this Visa Card Agreement and Federal Truth-in-Lending Disclosure Statement and agree to accept its terms.
|See the statement below for important information regarding my right to dispute billing errors.
Keep this Notice for future use.
This notice tells me about my rights and your responsibilities under the Fair Credit Billing Act.
If I find a mistake on my statement
If I think there is an error on my statement, I must write to you at:
SCE Federal Credit Union
PO Box 8017
El Monte, CA 91734
In my letter, I must give you the following information:
I must contact you:
I must notify you of any potential errors in writing [or electronically]. I may call you, but if I do you are not required to investigate any potential errors and I may have to pay the amount in question.
When you receive my letter, you must do two things:
While you investigate whether or not there has been an error:
After you finish your investigation, one of two things will happen:
If I receive your explanation but still believe my bill is wrong, I must write to you within ten (10) days telling you that I still refuse to pay. If I do so, you cannot report me as delinquent without also reporting that I am questioning my bill. You must tell me the name of anyone to whom you reported me as delinquent, and you must let those organizations know when the matter has been settled between us.
If you do not follow all of the rules above, I do not have to pay the first $50 of the amount I question even if my bill is correct.
If I am dissatisfied with the goods or services that I have purchased with my credit card, and I have tried in good faith to correct the problem with the merchant, I may have the right not to pay the remaining amount due on the purchase.
To use this right, all of the following must be true:
If all of the criteria above are met and I am still dissatisfied with the purchase, I must contact you in writing at:
SCE Federal Credit Union
PO Box 8017
El Monte, CA 91734
While you investigate, the same rules apply to the disputed amount as discussed above. After you finish your investigation, you will tell me your decision. At that point, if you think I owe an amount and I do not pay, you may report me as delinquent.
I may also access my Visa Account by utilizing the Visa Convenience Checks or Visa Letter Checks that are provided.
To report a lost or stolen card, please call 800.325.3678.
|This is an Accidental Death & Dismemberment only policy and does not pay benefits for loss from sickness.
1Your spouse, unmarried dependent child(ren), under age 19 (25 if a full-time student). No age limit for incapacitated child. Incapacitated child means a child incapable of self-sustaining employment by reason of mental retardation or physical handicap, and chiefly dependent on you for support and maintenance. Dependent child(ren) receive fifty percent (50%) of your benefit amount.
|Both hands or both feet
|Sight of both eyes
|One hand and one foot
|Speech and hearing
|One hand or one foot and the sight of one eye
|One hand or one foot
|Sight of one eye
|Speech or hearing
|Thumb and index finger on the same hand
|Actual severance through or above the wrist or ankle joints with regard to hands and feet; entire and irrevocable loss of sight, speech or hearing; actual severance through or above the metacarpophalangeal joints with regard to thumb and index fingers. The life benefit provides coverage in the event of a Covered Person’s death. If a Covered Person’s body has not been found within one (1) year of disappearance, stranding, sinking, or wreckage of any Common Carrier in which the Covered Person was covered as a passenger, then it shall be presumed, subject to all other provisions and conditions of this coverage, the Covered Person suffered loss of life.
|Bodily injury or injuries, sustained by the insured person which are the direct cause of Loss, independent of disease cause of Loss, independent of disease or bodily infirmity, and occurring while the Covered Person is covered under this policy, while the insurance is in force.
|A trip (a) while the Covered Person is riding on a Common Carrier as a passenger and not as a pilot, operator, or crew member and (b) charged to your [Insert Card Type] card; and (c) that begins and ends at the places designated on the ticket purchased for the trip. Covered Trip will also include travel on a Common Carrier (excluding aircraft), directly to, from, or at any Common Carrier terminal, which travel immediately precedes departure to or follows arrival at the destination designated on the ticket purchased for the Covered Trip.
|Any scheduled airline, land, or water conveyance licensed or transportation of passengers for hire.
|No payment will be made for any Loss that occurs in connection with, or is the result of: (a) suicide, attempted suicide, or intentionally self-inflicted injury; (b) any sickness or disease; (c) travel or flight on any kind of aircraft or Common Carrier except as a fare-paying passenger in an aircraft or on a Common Carrier operated on a regular schedule for passenger service over an established route; or (d) war or act of war, whether declared or undeclared.
|Benefit for Loss of life is payable to your estate, or to the beneficiary designated in writing by you. All other benefits are payable to you.
|Notice of Claim
|Written notice of claim, including your name and reference to [Insert Card Type] should be mailed to the Plan Administrator within twenty (20) days of a covered Loss or as soon as reasonably possible. The Plan Administrator will send the claimant forms for filing proof of Loss.
|This travel insurance is purchased for you by your financial institution.
|Description of Coverage
|This description of coverage details material facts about a Travel Accident Insurance Policy which has been established for you and is underwritten by Virginia Surety Company, Inc. Please read this description carefully. All provisions of the plan are in the master policy form number, VSC-VCC-01 (2/00). Any difference between the policy and this description will be settled according to the provisions of the policy.
For roadside assistance, call 800.847.2869
Roadside Dispatch is a pay-per-use roadside assistance program. The program provides you with security and convenience wherever your travels take you.
No membership or pre-enrollment is required. No annual dues. No limit on usage.
For a set price per service call, the program provides:
4Any vehicle with wheels is covered under the program as long as it can be classified as ‘Light Duty’. ‘Light Duty’ vehicles are vehicles that weigh 10,000 lbs. or less. Vehicles weighing more than 10,000 lbs. are considered ‘Medium Duty’ or ‘Heavy Duty’ and are NOT covered under this program.
Roadside Dispatch will ask you where you are, what the problem is, and while they remain on the phone with you, they will arrange a dispatch to a reliable tow operator or locksmith to provide help. (If you feel you are in an unsafe location – Roadside Dispatch will advise you to hang up and dial 911. If you are not able to dial 911, they will call the non-emergency police number in your area, and will remain on the phone with you at your request until the police arrive.) You have the convenience of one toll-free phone number, and you may save money because their rates are pre-negotiated.
Dependable roadside assistance, 24 hours a day, 7 days a week has never been easier. No membership or pre-enrollment is required. Just call Roadside Dispatch toll-free when you need them.
800.847.2869 ~ it’s that easy!
|Customers must pay service provider for mileage over 5 miles. A secondary unit being towed behind is not included but can be accommodated for an additional fee. Standard Winching applies within 100 feet of paved or county maintained road only. Current fee for a standard service call is $69.95. Additional fees may apply for winching services under certain circumstances. Service call fees are subject to change at any time; however, callers will be notified of pricing prior to any service dispatch. This program may be discontinued at any time without prior notice. Program void where prohibited.
Service providers supplying emergency roadside assistance and towing are independent contractors and are solely liable for their services. Neither Visa nor SCE Federal Credit Union shall have any responsibility or liability in connection with the rendering of the service. Emergency roadside assistance and towing may not be available in areas not regularly traveled, nor in other “off road” areas not accessible by ordinary towing vehicles. Weather conditions, time of day, and availability of service may affect assistance responses. Expectations for dispatch are set with the customer on every call, and an expected estimated time of arrival is provided to the customer regardless of their location; however, neither Visa nor SCE Federal Credit Union provides any assurances as to the ability of the Service Provider to meet such estimates. You are responsible for any roadside assistance or towing charges incurred by facilities responding to your request even if you are not with your vehicle or your vehicle is gone upon their arrival. Services provided by United States Auto Club, Motoring Division, Inc.